LCNB (NASDAQ:LCNB) EVP Sells $36,376.34 in Stock

LCNB Corporation (NASDAQ:LCNB) EVP Michael Miller sold 1,817 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $20.02, for a total transaction of $36,376.34. Following the transaction, the executive vice president owned 17,957 shares of the company’s stock, valued at $359,499.14. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

LCNB Stock Performance

LCNB opened at $19.59 on Friday. The company has a market cap of $279.35 million, a price-to-earnings ratio of 11.19 and a beta of 0.59. The company’s 50 day moving average is $19.14 and its 200 day moving average is $17.87. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. LCNB Corporation has a 12-month low of $14.83 and a 12-month high of $21.32.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, October 15th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $25.02 million for the quarter, compared to the consensus estimate of $24.65 million. LCNB had a net margin of 20.02% and a return on equity of 9.00%. On average, equities research analysts predict that LCNB Corporation will post 1.85 EPS for the current year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st. LCNB’s payout ratio is currently 50.29%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LCNB. Piper Sandler started coverage on shares of LCNB in a research note on Thursday, October 8th. They issued a “neutral” rating and a $20.00 price target for the company. Weiss Ratings raised shares of LCNB from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Zacks Research lowered shares of LCNB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, Wall Street Zen lowered shares of LCNB from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.00.

Institutional Investors Weigh In On LCNB

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of LCNB during the 2nd quarter worth approximately $16,885,000. Dimensional Fund Advisors LP grew its stake in shares of LCNB by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after purchasing an additional 28,883 shares in the last quarter. Renaissance Technologies LLC grew its stake in LCNB by 13.2% in the 1st quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock valued at $2,436,000 after acquiring an additional 18,167 shares during the last quarter. Empowered Funds LLC bought a new position in LCNB during the 2nd quarter worth approximately $1,431,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LCNB in the second quarter worth $1,085,000. Institutional investors own 34.73% of the company’s stock.

LCNB Company Profile

LCNB Corporation is a bank holding company headquartered in Lebanon, Ohio. Its principal subsidiary, LCNB National Bank, operates as a community bank serving individuals, families, businesses and nonprofit organizations.

LCNB National Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, home equity financing and agricultural lending. The bank also offers digital banking, treasury management and other cash-management services designed to support personal and business customers.

Through its banking operations, LCNB serves communities primarily in southwestern Ohio and nearby areas of northern Kentucky.